Tag Archives: Armonk NY Homes for Sale

Armonk NY Homes for Sale

Cold causes dip in November home prices | Armonk NY Real Estate

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US home prices fell slightly in November as colder weather slowed buying, ending nine straight months of price gains.

The Standard & Poor’s/Case-Shiller 20-city home price index slipped 0.1 percent from October to November, partly reversing the previous monthly increase of 0.2 percent. But the index is not adjusted for seasonal variations, so the monthly decline partly reflects slower buying in the late fall as temperatures drop.

“November was a good month for home prices,” said David Blitzer, chairman of the S&P Dow Jones index committee. “Prices typically weaken as we move closer to the winter.”

Despite the overall decline, home values have continued to rise in many Sun Belt cities. Las Vegas, Los Angeles and Phoenix have registered 20 straight months of rising prices.

But home prices surged for much of 2013, driven by big gains earlier in the year. Prices have risen 13.7 percent over the past 12 months.

Dallas enjoyed its strongest annual gain since 2000. And Chicago home prices climbed at their strongest annual clip since December 1988. Among the cities in the index, only Detroit prices remain below their 2000 level.

 

 

http://www.thecalifornian.com/viewart/20140131/LIFESTYLE/301310010/Cold-causes-dip-November-home-prices

FHFA House Price index is within 9% of April 2005′s peak levels | Armonk NY Homes

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The FHFA House Price Index differs from the other house price indices like Case-Shiller and Radar Logic in that it only looks at houses with mortgages guaranteed by Fannie Mae and Freddie Mac. This means all the home prices are below the conforming threshold, which is $417,000. It also means the borrower has a mortgage, which eliminates cash-only transactions. And finally, the FHFA House Price Index eliminates jumbos. This makes it more of a central tendency index.

 

Real estate values are big drivers of consumer confidence and spending, so they have an enormous effect on the economy. The phenomenon of “underwater” homeowners—homeowners who owe more than their mortgage is worth—has been a major drag on economic growth. Underwater homeowners are reluctant to spend and can’t relocate to where the jobs are. So real estate and mortgage professionals watch the real estate indices closely.

Real estate prices are also a big driver of credit availability in the economy. Mortgages and loans secured by real estate are major risk areas for banks. When real estate prices start falling, banks become conservative and reserve funds for losses. Conversely, increasing real estate prices make the collateral worth more than the loan, which encourages banks to lend more.

 

 

http://finance.yahoo.com/news/fhfa-house-price-index-within-170005291.html

Lovely Hook Pond Cottages Are Yours for a Mere $28M | Armonk Homes

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81 Ocean Ave East Hampton NY
20 images

The brokerbabble for this listing begins, “Magical Hook Pond Properties are being offered together for the first time since 1968.” No arguments there—they’re lovely. One has been recently tastefully renovated and the other is “ready for an update.” The newer cottage is four bedrooms and four baths on about one acre; the older one is three bedrooms and three baths on about one acre, “with endless expansion possibilities.” Location is right on Hook Pond, with a large beach parking lot right next door! Oops. The price is going to have to come down, we think, to attract a buyer. For about the same price, you could get oceanfront. · Immediate Ocean Access on Hook Pond [Sotheby’s]

Want To Make Money Investing In Real Estate? Try These Ideas! | Armonk NY Real Estate

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The modern economy has a lot of individuals curious about making money from real estate. The sad truth is that most people have no clue about where to get started. If you’ve been wondering what you can do to invest in the real estate market the right way, you should know a couple of things first. Continue on to discover more.

You must develop a good feel for local property values. The cost of mortgages and rent in the neighborhood is a better indicator than financial statements when providing a picture of the house value. If you view the property from a basic level, you can better make the right decision.

Learn from like-minded people. Lots of people want to get involved in real estate investments. There are many groups focusing solely on real estate investing. Or you can also find many online as well. Join these groups and learn all that you can.

Invest as much time in learning the business as you do working the business. This means you might need to quit some of your hobbies so that you can just concentrate on this for a while. Let go of some of your recreational time and invest it in your property.

Find your comfort zone and stick with it. You can have much more success at real estate investing if you stay focused within your market niche. It doesn’t matter if you’re flipping properties of building them from the ground up; you should master what you’re doing.

As an investor, you have to think realistically about how you are going to divide up your available time. Problems with tenants can waste a lot of time. Get a management company to do the dirty work for you.

Not all property values rise. It’s dangerous to think this for the market or for a single piece of property. The safest thing to do would be to invest in real estate that will net you profits right away. If the property value increases, that will be an added benefit.

When determining a potential investment property, try choosing one that will appreciate. A lot by water or right in a business district, for example, will most likely mean more to you in the future. Consider the long-term costs and think about the possibilities.

Real Estate

Learn all you can about real estate investments prior to spending any money buying properties. You are playing with large amounts of money, and mistakes can cause you a huge setback. Get someone to train you on the real estate market before you jump in.

Make sure that you do a background check on your tenants, you can preform an online background check on www.crbdirect.org.uk. The person should pay the rent for the first month and a deposit without a problem. If they cannot come up with the money, they are likely to have problems paying rent too. You must then seek out a different person for the rental agreement.

Consider rental values as you determine how much any given property is worth. In the right area, you can earn thousands of dollars a year in rental income. Eventually, you can sell the property for even more money overall.

Exercise plenty of patience in the beginning. Getting the first deal done can take longer than expected. Maybe the market conditions are not good, or the purchase terms are not favorable. Do not start to worry prematurely or rush into poor decisions. It’s really a bad move for your money. Bide your time until an outstanding opportunity arises.

 

 

http://www.athomerealestate.co/2014/01/want-to-make-money-investing-in-real-estate-try-these-ideas/

Armonk Could See Some New Year’s Eve Snow Squalls | Armonk NY Homes

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As Westchester County residents get set to usher in the new year, they should also prepare for snow showers.

The National Weather Service has issued a Hazardous Weather Outlook Statement for Westchester as well as Southeast New York, Southern Connecticut and Northeast New Jersey.

Scattered snow showers are expected this afternoon into the early evening hours, with a few snow squalls producing brief whiteout conditions accompanied by heavy snow and strong winds. Snow squalls could arrive as early as 2 p.m., but are more likely later in the afternoon through about 8 p.m. Flash freeze conditions are possible as a result of the snow squalls.

Today’s high temperature is expected to be 32 degrees with temperatures falling into the 20s for the final hours of 2013.

More significant snowfall is expected later this week from late Wednesday night into Friday morning with several inches possible. There is still uncertainty in terms of possible precipitation amounts.

New Year’s Day will be mostly cloudy with a high around 30. There is a slight chance of snow after 4 p.m. on Wednesday, and a more likely chance starting in the early hours of Thursday morning, with the likelihood increasing to 70 percent during the day on Thursday. Snow is expected to end Friday morning with Friday’s high temperature only between 14 and 16 degrees.

 

 

http://armonk.dailyvoice.com/news/westchester-could-see-some-new-years-eve-snow-squalls

20 must-have bathroom ideas | Armonk NY Homes

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A bathroom should be more than the daily necessities. It should be a retreat, a getaway after a long day. Take steps to renovate the room into that escape. If not making it over, at least improve it.

Need ideas? The DesignMine gallery showcases bathrooms real people use for rest and relaxation. They’re the fortresses of solitude for the everyday hero, designed and decorated by professionals who know what people need.

Check out these top 20 styles from the collection, ranging from the classical into the fantastical. Whether it’s a particular style or a mixture, convert your bathroom into the space you’ll find comfort in.

 

 

 

http://realestate.msn.com/20-must-have-bathroom-ideas

Lack of confidence weighs on housing | Armonk NY Homes

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Consumers are still wading through the lingering effects of the financial crisis and lacking the confidence needed in the economy to move forward. And as long as consumer spending is lagging on the personal shopping front, homebuying is going to remain out of the question for many families.

This year’s Black Friday shopping failed to kick-start the shopping season with a boom. In fact, retail spending fell for the first time in at least seven years over the Thanksgiving weekend.

Consumers racked up $59.1 billion in purchases in 2012, compared to only $57.4 billion this year, as hyped-up deals and bargains failed to lure in shoppers, the National Retail Federation said.

The good news is that while consumers are not so confident right now, they are de-leveraging debts carried from the pre-crisis days — a potential breakthrough for the housing market.

“Our findings suggest that the consumer de-leveraging experienced since the financial crisis will trough in the next year or two, driven by improved mortgage credit availability and better consumer demand,” Paul Miller, a managing director at FBR Capital Markets, said.

 

 

 

http://www.housingwire.com/articles/28176-lack-of-confidence-weighs-on-housing